Second Chance Ministries Community Development Corp Inc

Analysis

Second Chance Ministries Community Development Corp Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Second Chance Ministries Community Development Corp Inc reported income of $58k and spending of $107k, spending 185% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $61k to $58k (-4.3%), an average of -1.1% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 161% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Second Chance Ministries Community Development Corp Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Kidney Foundation of Ohio Inc ($58k), People Like US Inc ($58k) and Greater Mercer Public Health Partnership ($58k).

Compensation of current officers, directors and key employees was $18k (17% of expenses). At year end it held assets of $1.0m against liabilities of $1.4m, net assets of -$385k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.